Items Tagged with 'Puerto Rico'

ARTICLES

  • From HW Magazine

    Weathering the storm

    How HUD advocates for underserved communities
    HUD’s objectives are sometimes distributed by factors ranging from politics, socio-economic disparities and even natural disasters. When American homeowners fall victim to any of these elements, HUD is not only there to offer a helping hand, but often serves as the tool that leads to recovery.
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  • HUD inspector general investigating whether Trump administration slowed disaster aid to Puerto Rico

    Watchdog said it plans to report findings to Congress
    The Department of Housing and Urban Development Office of the Inspector General is looking into whether the White House interfered with aid approved for Puerto Rico as the island struggled to recover from 2017's Hurricane Maria. HUD-OIG attorney Jeremy Kirkland told members of the House Financial Services Committee on Tuesday that it will be meeting with congressional lawmakers to request a probe.
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  • Freddie Mac partnering with RBC to provide $180 million for affordable housing

    Fund has already provided money for rebuilding Puerto Rico
    Freddie Mac, which re-entered the Low-Income Housing Tax Credit market last year after nearly 10 years away, is partnering with RBC to provide more than $180 million for affordable rental housing. The fund has already closed 10 transactions, including two in Puerto Rico and eight more in five states: New York, South Carolina, Tennessee, Texas, and West Virginia.
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  • 6 Questions with 6 HUD Executives, Ep. 2: Deputy Secretary Pam Patenaude

    On the ground with disaster recovery
    Who brings housing hope to those deeply impacted by natural disasters? Who will help the 117,000 FHA-backed homeowners of Puerto Rico? In the second episode of exclusive podcast series, 6 Questions with 6 HUD Executives, Editor-in-Chief Jacob Gaffney speaks with HUD Deputy Secretary Pamela Hughes Patenaude about disaster recovery, the impact of the opioid epidemic and the interconnected nature of the nation's housing policy.
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  • FHA pushing to provide foreclosure relief to Puerto Rico, Virgin Islands hurricane victims

    Extends foreclosure moratorium deadline one last time
    The foreclosure moratorium for 2017 hurricane victims in Puerto Rico and the U.S. Virgin Islands whose mortgages are guaranteed by the Federal Housing Administration was due to end this week, but the FHA announced Thursday that it is extending the foreclosure freeze again – for the last time. But that’s not all.
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  • HUD approves Puerto Rico's $1.5B recovery plan

    Plans to publish guidance rules shortly
    U.S. Department of Housing and Urban Development Secretary Ben Carson recently announced HUD has approved a $1.5 billion disaster recovery plan aimed at helping Puerto Rican citizens recover from hurricanes Irma and Maria. Puerto Rico’s plan focuses primarily on the restoration of damaged and destroyed homes, businesses and infrastructure.
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  • Hurricane Maria drives Americans to invest in Puerto Rican homes

    Home prices drop 15% since storm
    At the end of last year, Puerto Rico suffered a devastating hurricane, which some estimates say killed as many as 5,000 and left the island without power for weeks. Now, Americans are moving in on the island, capitalizing on the downward trend in real estate prices due to the storm. A new study shows home prices on the island decreased by an average 15% since the storm.
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  • Puerto Rican mayor arrested for misuse of HUD funds

    Mayor and 2 others accused of defrauding government of $8 million
    A Puerto Rican mayor and two former government officials are accused of misusing funds from HUD and other government agencies. The three officials were recently arrested on corruption charges that involved $8 million in federal and local funds.
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  • Judge again extends FEMA evictions of Hurricane Maria victims

    Evictions now pending formal hearing
    On Saturday, a federal court ordered a temporary halt of evictions for nearly 2,000 victims of Hurricane Maria, and now the court is again extending the halt on the evictions. After a meeting Tuesday, Judge Timothy Hillman issued an order backing the extension of the temporary restraining order to July 23, pending a formal hearing.
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  • Court temporarily halts evictions of 2,000 Puerto Rican disaster victims

    NLIHC calls on Congress for permanent solution
    A federal court ordered a temporary halt Saturday of the eviction of nearly 2,000 victims displaced by 2017’s natural disasters. The lawsuit alleged that FEMA was planning to prematurely abort its assistance to thousands of Puerto Ricans displaced by Hurricane Maria. But the temporary halt will not last long, and groups are now urging Congress to act.
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